New York Power Authority renewables plan shows financial challenges for building solar

The levelized cost of building a solar project in New York far exceeds the expected revenue from selling solar power, says a NYPA plan, with project success potentially depending on the sale of renewable energy credits at a satisfactory price.From pv magazine USA The New York Power Authority, which has begun investing in renewable energy projects and bringing them to completion, said in a renewable energy strategic plan that the levelized cost of energy (LCOE) for new solar projects is twice the projected merchant revenue, and discussed how selling renewable energy credits (RECs) could make up ...

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